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prohojiy [21]
3 years ago
8

The total assets of brandon co. are $900,000 and its liabilities are equal to one-fourth of its total assets. what is the amount

of brandon co.'s stockholders' equity? stockholders' equity
Business
2 answers:
yuradex [85]3 years ago
5 0
900,000 / 1/4 = liabilities
900,000 - liabilities - stockholder's equity

900,000/4 = 225,000
900,000 - 225,000 = 675,000
Allisa [31]3 years ago
4 0

Answer:

$675,000

Explanation:

Given the total assests of Brandon co. to be $900,000 and its liability is one fourth of its total asset, its liability will be equivalent to:

1/4 × $900,000

= $225,000

Total liability = $225,000

Total assets = $900,000

brandon co. stockholders' equity will be;

Total assets - total liability

= $900,000-$225,000

= $675,000

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Which is a tax in which the percentage paid increases as income increases?
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The following is the ending balances of accounts at December 31, 2018 for the Valley Pump Corporation Account Title Cash Account
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Answer and Explanation:

The preparation of the classified balance sheet is presented below:

<u>Valley Pump Corporation</u>

<u>Balance sheet</u>

<u>December 31, 2018</u>

Assets

Current assets

Cash                                    $30,000              

Marketable securities           $27,000

Account receivable             $61,000

Inventory                               $91,000

Prepaid expense                   $37,000

Investments

Marketable securities  $27,000

Land                               $25,000   $52,000

Property, plant & equipment

Land                           $105,000

Buildings                    $325,000

Equipment                  $85,000

Less:

Accumulated depreciation -$135,000

Net property, plant & equipment     $380,000

Intangibles

Copyright                                          $17,000

Total assets                                      $695,000

Liabilities & shareholder equity

Current liabilities

Account payable                        $70,000

Interest payable                          $15,000

Unearned revenue                     $25,000

Note payable                              $110,000

Current maturities                      $55,000

Total current liabilities                $275,000

Long term liabilities

Note payable                               $110,000

Shareholder equity

Common stock           $250,000

Retained earnings      $60,000

Total shareholder equity               $310,000

Total liabilities & shareholder equity $695,000

Working notes

Accumulated depreciation = building + equipment

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= $695,000

The note payable is

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Answer:

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3 years ago
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